noun, Botany. 1. one of a pair of lateral appendages, often leaflike, at the base of a leaf petiole in many plants. Origin of stipule.
The basic idea of introducing the scheme is to enable small business men in resale and retails business to carry business without maintaining detailed accounts, enabling easy calculation of tax payable by them. This saves them from rigors of regular scheme under MVAT law.Section 42(1) of Maharashtra Value Added Tax Act, 2002 (MVAT, 2002) empowers State Government to Notify Composition Scheme for dealers in State of Maharashtra who are engaged in business of resale and retail.his saves them from rigors of regular scheme under MVAT law. Section 42(1) of Maharashtra Value Added Tax Act, 2002 (MVAT, 2002) empowers State Government to Notify Composition Scheme for dealers in State of Maharashtra who are engaged in business of resale and retail.
4. A dealer opting for composition scheme is not eligible for set off. Therefore, dealer opting for composition scheme shall be required to reverse the set off, already claimed, on the purchase of the goods held in stock on the day of opting for new composition scheme.f dealer is desire to opt for new composition scheme for the year 2015-16 or thereafter shall upload an application in Form 4A on http://mahavat.gov.in on or before 30 th April of the respective year.